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April 1, 2014

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

November 21, 2013

Leading luxury family empire LVMH has launched an initiative this week to support young designers.

Leading luxury family empire LVMH has launched an initiative this week to support young designers.

Announced by second-gen Delphine Arnault, the international award is open to designers 40-years-old or younger, who have already created two ready-to-wear men’s or women’s collections.

A panel of judges, including Karl Lagerfield and Marc Jacobs will decide on the winner, who will receive €300,000 to invest in their fashion company and support from a team of experts from LVMH to help them develop it over a period of 12 months.

June 26, 2013

French luxury goods group LVMH has announced Delphine Arnault will take a top role at Louis Vuitton – one of the largest luxury brands in the world.

French luxury goods group LVMH has announced Delphine Arnault will take a top role at Louis Vuitton – one of the largest luxury brands in the world.

Her father, Bernard Arnault, is the chairman and chief executive of LVMH and the wealthiest person in France. The group is responsible for 60 luxury brands that span fashion, watches and champagne.

Arnault, 38, currently works as deputy general manager at Dior – the majority shareholder in LVMH – but will take up her new post in September. Her new position will be similar to her role at Dior.

February 28, 2013

Ethan Koh, the 25-year-old fourth-generation tanner and founder of a London-based fashion business, on modern luxury, artisanship — and how to pick the perfect crocodile skin.

Ethan Koh, the 25-year-old fourth-generation tanner and founder of a London-based fashion business, on modern luxury, artisanship — and how to pick the perfect crocodile skin.

November 8, 2011

The family behind luxury goods maker PPR has acquired Italian men’s wear maker Brioni, owned by descendants of its founding families, as the Paris-based holding company continues to ramp up its portfolio of luxury brands.

The family behind luxury goods maker PPR has acquired Italian men’s wear maker Brioni, owned by descendants of its founding families, as the Paris-based holding company continues to ramp up its portfolio of luxury brands.

The purchase of Brioni, famous for making tuxedos for James Bond films, was for an undisclosed amount.

September 2, 2011

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

So it was pointed out in early September when the famous luxury brand, in terms of its market capitalisation on the French stock exchange, was worth more than country’s second-biggest bank.

An analyst quoted in a Bloomberg story about the two firms’ valuations summed up the differences well.

June 30, 2011

In the smartest arrondissement in Paris, the eighth, there is an area referred to by the locals as the triangle d’or. It’s formed by three of the most exclusive shopping Avenues – Montaigne, George V and Champs-Élysées – and contains a number of fashionable Rues in between. It is also the home of some of the best-known family businesses in the luxury sector.

In the smartest arrondissement in Paris, the eighth, there is an area referred to by the locals as the triangle d’or. It’s formed by three of the most exclusive shopping Avenues – Montaigne, George V and Champs-Élysées – and contains a number of fashionable Rues in between. It is also the home of some of the best-known family businesses in the luxury sector.

May 11, 2011

Family-controlled luxury goods company LVMH will be buoyed by its recent investment in fellow family businesses Bulgari and Hermes as the two groups reported strong first quarter results.

Family-controlled luxury goods company LVMH will be buoyed by its recent investment in fellow family businesses Bulgari and Hermes as the two groups reported strong first quarter results.

Jewellery house Bulgari, whose family members have sold 51% control of the company to Bernard Arnault’s LVMH, announced on 10 May that its net profits rose to €9.3 million for the quarter, after a loss of €8.3 million during the same period last year.

May 3, 2011

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division. 

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division.

In a statement, the group said that it will buy 100% of California-based Volcom’s shares as it tries to expand PPR’s sports and lifestyle operations. It expects the deal to be completed by the third quarter of the year.

The purchase is a further example of PPR’s strategy to specialise in clothes and accessories focused on the luxury markets.

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